Economic reforms laying foundation for sustainable growth, job creation – Tinubu

… says investors’ confidence being restored

President Bola Tinubu on Monday disclosed that the economic reforms of the present administration is laying the foundation for sustainable growth, creating opportunities for employment and improving livelihoods of citizens.

Speaking at the opening of the 32nd Nigerian Economic Summit in Abuja, Tinubu, represented by Vice President Kashim Shettima, reaffirmed that the reforms were aimed at removing structural barriers to growth and attracting investment.
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He applauded 3.89 per cent GDP growth in the first quarter of 2026, compared with 3.13 per cent in the same period of last year, noting that non-oil activities accounted for 96.08 per cent of GDP, while capital importation rose to 10.37 billion dollars, representing an increase of 83.83 per cent over the corresponding period in 2025.

The President explained that the administration was committed to sustaining reforms in taxation, electricity, agriculture and solid minerals to attract investment, strengthen local production and boost jobs opportunities for youths.

Also speaking at the Summit, the United Nations Deputy Secretary-General, Dr Amina Mohammed pointed to the gains from the reforms, however, called on the government to consolidate them, stabilise the economy and effectively manage public expectations.

Mohammed also praised the African Development Bank for prioritising development financing that delivers measurable impact across the continent.

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On his part, the Minister of Finance and Coordinating Minister of the Economy, Professor Taiwo Oyedele, presented a proposed Nigerian Economic Policy Framework, which he described as a national guide for economic decision-making and measuring progress.

He asked the Nigerian Economic Summit Group and private-sector experts to scrutinise the draft and contribute evidence-based recommendations.

Oyedele identified enterprise, fair and open markets, economic stability, human capital development and productivity as key principles of the framework.

In his address, the Chairman of the Nigerian Economic Summit Group, Mr Olaniyi Yusuf, reiterated that the summit must help move the country from policy agreements to practical solutions that create jobs, improve productivity and deliver inclusive growth.

Yusuf noted that changes have been introduced by the administration’s reforms, adding that the priority should be economic stabilisation rather than policy reversal..

The 32nd Nigerian Economic Summit is themed “Growth That Works: Delivering Jobs, Productivity and Shared Prosperity.”